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After five days of decline, the dollar resumed its upward trend in the foreign exchange market despite the intervention of the Central Reserve Bank (BCR), after it became known that the risk rating agencies Fitch and Standard & Poor’s (S&P) downgraded Peru’s rating; while the US currency was weakening globally in the face of the recovery of global appetite for risk.
At the end of the day on Friday, the price of the dollar stood at S / 3.9320 in the interbank market, a level higher by 0.31% compared to S / 3.9200 at the close of the day on Thursday, according to data from the BCR.
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the dollar it started the day lower and touched S / 3.9050, but then resumed an upward trend. To dampen exchange rate volatility, the BCR place foreign exchange swaps for S / 650 million in three auctions, as well as Adjustable Deposit Certificates (CDR) for S / 350 million in two auctions.
Traders reported that the appreciation of the dollar in the local market came after it became known that the rating agencies Fitch and Standard & Poor’s reduced their Peruvian long-term debt notes, while the outlook weaken by doubts around government of President Pedro Castle.
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Globally, the dollar strengthened after the September retail sales data in the United States, which boosted confidence. Retail sales rose 0.7% last month, amid expectations of a 0.2% decline, helped in part by higher prices.
Reuters reported that the index dollar it lost 0.106%, to 93,941 units, after touching a one-year high of 94,563 on Tuesday.
With the result of the day, the dollar accumulated a gain of 8.65% against the sun in the local market so far in 2021, after closing at S / 3,619 last year.
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